Global Low Voltage Motor Control Centers Strategic Business Report 2023: Growing Use Of Low Voltage Electric Motors In Major End-Use Industries Drives Demand

(MENAFN- globenewswire - nasdaq) dublin, june 23, 2023 (globe newswire) -- the "low voltage motor control centers: global strategic business report" report has been added to researchandmarkets's offering.
the global market for low voltage motor control centers estimated at us$3.7 billion in the year 2022, is projected to reach a revised size of us$4.7 billion by 2030, growing at a cagr of 2.9% over the analysis period 2022-2030.

conventional, one of the segments analyzed in the report, is projected to record 2.7% cagr and reach us$2.7 billion by the end of the analysis period.

taking into account the ongoing post pandemic recovery, growth in the intelligent segment is readjusted to a revised 3.2% cagr for the next 8-year period.
the u.s. market is estimated at $1 billion, while china is forecast to grow at 4.8% cagr
the low voltage motor control centers market in the u.s. is estimated at us$1 billion in the year 2022. china, the world's second largest economy, is forecast to reach a projected market size of us$907.5 million by the year 2030 trailing a cagr of 4.8% over the analysis period 2022 to 2030.

among the other noteworthy geographic markets are japan and canada, each forecast to grow at 1.6% and 2.4% respectively over the 2022-2030 period. within europe, germany is forecast to grow at approximately 2% cagr.
select competitors (total 44 featured) -

• abb ltd.
• eaton corporation plc
• fuji electric co., ltd.
• general electric company
• larsen & toubro ltd.
• lsis co., ltd.
• mitsubishi electric corporation
• rockwell automation, inc.
• schneider electric sa
• siemens ag
• technical control systems, ltd.
• weg sa

what`s new for 2023?

• special coverage on russia-ukraine war; global inflation; easing of zero-covid policy in china and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• global competitiveness and key competitor percentage market shares
• market presence across multiple geographies - strong/active/niche/trivial
• online interactive peer-to-peer collaborative bespoke updates
• access to digital archives and research platform
• complimentary updates for one year

key attributes:

report attribute	details
no. of pages	243
forecast period	2022 - 2030
estimated market value (usd) in 2022	$3.7 billion
forecasted market value (usd) by 2030	$4.7 billion
compound annual growth rate	3.0%
regions covered	global

key topics covered:
i. methodology
ii. executive summary
1. market overview

• influencer market insights
• world market trajectories
• impact of covid-19 and a looming global recession
• increase in industrial automation and rising use of low voltage electric motors drives growth in the low voltage motor control centers market
• global low voltage motor control centers market: percentage breakdown of value sales by application for 2019 and 2025
• low voltage motor control centers - global key competitors percentage market share in 2022 (e)
• competitive market presence - strong/active/niche/trivial for players worldwide in 2022 (e)

2. focus on select players
3. market trends & drivers

• as industrial automation gathers pace, growth opportunities in store for lv mccs market
• global industrial automation market: revenues in us$ billion for the years 2018, 2020, 2022 and 2024
• growing use of low voltage electric motors in major end-use industries drives demand for lv motor control centers
• global low voltage motors market size in $ billion for the years 2017, 2019, 2021 and 2023
• need to increase industrial plant uptime sustains demand for lv mccs
• intelligent motor control center market: an overview
• lv motor control centers improve smart pumping systems
• safety concerns with lv mccs in industrial power distribution systems: lv motor overload relay comes to the rescue
• product overview
• what is motor control center?
• types of motor control centers
• low voltage motor control centers: an introduction

4. global market perspective

iii. market analysis

iv. competition

for more information about this report visit

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• global market for low voltage motor control centers

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